Stock Market News

Google faces $1 billion UK trial over app store pricing

2022.07.19 20:49

Google faces $1 billion UK trial over app store pricing
Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

By Kirstin Ridley

LONDON (Reuters) – Google (NASDAQ:GOOGL) faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant overcharged 19.5 million customers for app store purchases.

The class action, which was certified by the Competition Appeal Tribunal on Monday, alleges Google abused its dominant position by charging up to 30% commission on popular apps on its Play Store, including Roblox, Candy Crush Saga and Tinder since October 2015.

A detailed judgment has yet to be published, a spokesperson for the claimant group said on Tuesday.

Google did not immediately reply to requests for comment.

Regulators, rivals and consumer champions are trying to curb Big Tech, filing lawsuits across the globe against the likes of Google and rival Apple (NASDAQ:AAPL) over alleged anti-competitive behaviour. The European Union alone has fined Google more than 8 billion euros ($8.2 billion) in recent years over anti-trust practices.

The latest British case against Google, which is not expected to come to trial before 2024, is brought by Liz Coll, a former digital policy manager at the non-profit Citizens Advice service. She is being advised by law firm Hausfeld.

Coll alleges in the lawsuit that the Play Store commission is unlawful and unjustifiable, breaching European and British competition laws, and that Google is abusing its dominant position at the expense of British Android smartphone and tablet users.

Google generated $11.2 billion in revenue from its mobile app store in 2019, a court filing https://www.reuters.com/technology/google-play-app-store-revenue-reached-112-bln-2019-lawsuit-says-2021-08-28 unsealed last year showed.

($1 = 0.8336 pounds)

($1 = 0.9760 euros)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 93,501.05 2.55%
ethereum
Ethereum (ETH) $ 3,300.97 1.07%
tether
Tether (USDT) $ 0.996627 0.22%
xrp
XRP (XRP) $ 2.13 1.59%
bnb
BNB (BNB) $ 685.19 0.62%
solana
Solana (SOL) $ 183.68 2.86%
dogecoin
Dogecoin (DOGE) $ 0.309858 1.36%
usd-coin
USDC (USDC) $ 0.997704 0.15%
staked-ether
Lido Staked Ether (STETH) $ 3,299.12 1.02%
cardano
Cardano (ADA) $ 0.866275 0.10%
tron
TRON (TRX) $ 0.258043 2.50%
avalanche-2
Avalanche (AVAX) $ 36.50 2.69%
the-open-network
Toncoin (TON) $ 5.72 0.09%
chainlink
Chainlink (LINK) $ 22.20 2.92%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,927.46 3.45%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 0.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,613.08 2.01%
sui
Sui (SUI) $ 4.11 2.79%
bitget-token
Bitget Token (BGB) $ 7.94 8.01%
hedera-hashgraph
Hedera (HBAR) $ 0.273989 5.22%
stellar
Stellar (XLM) $ 0.344652 3.07%
polkadot
Polkadot (DOT) $ 6.86 1.67%
weth
WETH (WETH) $ 3,301.51 1.12%
hyperliquid
Hyperliquid (HYPE) $ 26.52 4.98%
bitcoin-cash
Bitcoin Cash (BCH) $ 440.47 0.73%
leo-token
LEO Token (LEO) $ 9.17 0.55%
uniswap
Uniswap (UNI) $ 13.32 2.86%
litecoin
Litecoin (LTC) $ 100.66 1.85%
pepe
Pepe (PEPE) $ 0.000018 1.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,481.49 1.17%
near
NEAR Protocol (NEAR) $ 5.08 0.59%
ethena-usde
Ethena USDe (USDE) $ 0.995156 0.22%
usds
USDS (USDS) $ 0.997429 0.07%
aptos
Aptos (APT) $ 8.73 3.28%
aave
Aave (AAVE) $ 320.36 4.87%
internet-computer
Internet Computer (ICP) $ 10.07 2.37%
crypto-com-chain
Cronos (CRO) $ 0.148711 0.84%
mantle
Mantle (MNT) $ 1.19 0.73%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.475359 1.09%
ethereum-classic
Ethereum Classic (ETC) $ 25.89 0.02%
vechain
VeChain (VET) $ 0.045602 3.09%
render-token
Render (RENDER) $ 6.99 2.41%
whitebit
WhiteBIT Coin (WBT) $ 24.48 0.47%
monero
Monero (XMR) $ 190.84 0.53%
mantra-dao
MANTRA (OM) $ 3.62 0.13%
bittensor
Bittensor (TAO) $ 466.36 1.21%
dai
Dai (DAI) $ 0.996878 0.27%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 2.62%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.33 14.78%
arbitrum
Arbitrum (ARB) $ 0.758729 1.46%